$LUXE Announces Pending Forward Stock Split
November 11th, 2009 at 6:01 am Posted by
So far, The Dean’s Virgin Oil and Gas Pick has been up as much as 52% and has hovered in the green around $1.10 to $1.16. But The Dean thinks there’s plenty of tread left on $LUXE‘s tires.
$LUXE released news at the closing bell yesterday, announcing that the company will be reorganizing through a 3-for-1 forward stock split.
Although a date was not mentioned in this release, The Dean remembers what happened with $SLPO‘s forward split last month—on October 18th, $SLPO approved a 3-for-1 forward stock split and gained an additional 50%.
$LUXE has certainly been on the grille since Honors Students and the CollegeStock Community learned about this oil and gas pick that was never promoted before. At current market valuation, the stock split would put $LUXE around an attractive $0.37 per share and The Dean believes this could bring more cars to the track and really send $LUXE off to the races.
Another exciting element about $LUXE‘s pending stock split is that it gives the company the flexibility and structure necessary to “attract favorable equity financing opportunities.” More funding for more projects makes The Dean see more PROFITS.
And, to add to that, HowToBuyHotPennyStocks.com and WallStreetNewsAlert.com have also come out to play with The Dean’s Virgin Oil and Gas Pick.
pennystockchaser just pumped some more oil for you… good luck
Cheers @Pack!